3280 E 121st Street, Cleveland, OH 44120
Local realty services provided by:Better Homes and Gardens Real Estate Central
Listed by: scott a marvin
Office: team results realty
MLS#:5241608
Source:OH_NORMLS
Price summary
- Price:$142,400
- Price per sq. ft.:$101.42
About this home
ATTENTION INVESTORS: CASH COW!!! CASHFLOW FROM DAY 1 WITH SECTION 8 TENANT ALREADY IN PLACE!
No need to wait 6 months to get it renovated and rented generating 100% rent from Uncle Sam. TURNKEY LISTING WITH TENANT IN PLACE! HUGEE RENTS!
$1,954 per month — $23,448 annually!! Practically prints money!
MASSIVE DSCR RATIO! Do the math!!
Large 5-bedroom, 2-bath Cleveland rental currently generating The housing authority (CMHA) currently pays 100% of the rent, with a $0 tenant portion, providing reliable government-paid monthly income with minimal collection risk.
TLocated in Cleveland’s 44120 rental corridor near Shaker Heights, Shaker Square, Buckeye–Shaker, Larchmere, University Circle, major hospitals, public transit, and downtown routes. The location benefits from stronger voucher rents associated with the surrounding Shaker-area market, while the owner still receives the advantage of lower Cleveland property taxes and no Heights POS escrow requirements.
Major capital improvements have already been completed, including a complete remodel with fresh interior and exterior paint, a partial roof replacement, a new A/C unit, newer dual pane vinyl windows (no more lead based paint window probs!)
LEAD BASED PAINT INSPECTED AND CERTIFIED!
This is an income-producing property with much of the major upfront work already handled. Remodel, tenant placement process, and large capex expenses!
BONUS! Top tier Luke Park and community center is just around the corner, offering nearly professional fields, basketball and tennis courts, a gym, classes, skating, boxing, swimming pools, and other amenities that help support strong tenant demand.
Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent!...
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Home facts
- Year built:1920
- Subdivision & Development:Crawford-Woodhill
- Listing ID #:5241608
- Added:26 day(s) ago
- Updated:September 29, 2026 at 09:39 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:6
- Kitchen Description:Range, Refrigerator
- Basement:Yes
- Basement Description:Full
- Living area:1,404 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
- Central air:Yes
Structure and exterior
- Roof:Fiberglass, Shingle
- Year built:1920
- Building area:1,404 sq. ft.
- Lot area:0.11 Acres
- Construction Materials:Wood Siding
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$142,400
- Price per sq. ft.:$101.42
- Tax amount:$1,389 (2025)
Features and amenities
- Appliances:Range, Refrigerator
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